Landscape Capital Management L.L.C. Invests $239,000 in Nexstar Media Group, Inc. (NASDAQ:NXST)

Landscape Capital Management L.L.C. acquired a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,513 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors also recently modified their holdings of the stock. Provident Investment Management Inc. increased its stake in Nexstar Media Group by 3.1% in the fourth quarter. Provident Investment Management Inc. now owns 5,789 shares of the company’s stock valued at $914,000 after purchasing an additional 175 shares in the last quarter. Bryce Point Capital LLC bought a new stake in Nexstar Media Group in the 4th quarter valued at about $1,430,000. Trexquant Investment LP bought a new stake in Nexstar Media Group in the 4th quarter valued at about $1,710,000. Headlands Technologies LLC raised its stake in Nexstar Media Group by 203.0% during the 4th quarter. Headlands Technologies LLC now owns 2,209 shares of the company’s stock worth $349,000 after buying an additional 1,480 shares during the period. Finally, Wellington Management Group LLP bought a new position in Nexstar Media Group in the fourth quarter worth approximately $2,370,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Buying and Selling

In other Nexstar Media Group news, insider Andrew Alford sold 3,768 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $181.98, for a total value of $685,700.64. Following the completion of the sale, the insider now directly owns 5,405 shares of the company’s stock, valued at $983,601.90. This trade represents a 41.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Perry A. Sook sold 32,096 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $170.67, for a total value of $5,477,824.32. Following the completion of the sale, the chief executive officer now owns 806,019 shares in the company, valued at approximately $137,563,262.73. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,105 shares of company stock worth $6,722,463. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Benchmark boosted their price objective on Nexstar Media Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 28th. Barrington Research reiterated an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Wednesday, March 5th. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Guggenheim lifted their price target on Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, StockNews.com lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.43.

Nexstar Media Group Price Performance

Nexstar Media Group stock opened at $147.79 on Wednesday. Nexstar Media Group, Inc. has a 52 week low of $145.79 and a 52 week high of $191.86. The company’s 50 day moving average price is $163.56 and its two-hundred day moving average price is $164.47. The stock has a market cap of $4.51 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.45 and a beta of 1.09. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98.

Nexstar Media Group (NASDAQ:NXST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $7.56 EPS for the quarter, missing analysts’ consensus estimates of $9.22 by ($1.66). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. On average, equities analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.86 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 annualized dividend and a yield of 5.03%. This is a positive change from Nexstar Media Group’s previous quarterly dividend of $1.69. Nexstar Media Group’s dividend payout ratio is presently 34.56%.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.